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Coronavirus: hotel and auto sector slammed

The coronavirus shutdown has left employees in hundreds of different sectors without work and in many cases without paychecks, as the hospitality sector has taken a beating. Now, employees don't know if they can access unemployment benefits since some companies are choosing to not lay-off workers and instead are placing them on unpaid furloughs. Plus, it has been a rollercoaster week for markets, but stocks are still trading far below just a month ago. Amid the coronavirus pandemic, the developments in the USMCA trade agreement have fallen to the wayside as we take a look at how Covid-19 has slammed the auto sector.

Coronavirus: hotel and auto sector slammed
The boom/bust cycle is as old as Western banking itself. Our hosts break through the mainstream headlines to find the stories that matter, and help you navigate the booms and the busts.